Landmark (Near Waterfront) Restaurant for Sale

Financial Information

  • Asking Price: $350,000
  • Gross Revenue: $1,700,000
  • Cash Flow: $225,000
  • Down Payment: NEGOTIABLE
  • FF&E (Included): $200,000
  • Inventory: $35,000
  • Financing: Yes

Business Location

  • Eastern North Carolina
  • North Carolina
Primary Business Category: Restaurants

Well established and well known restaurant in Southeastern North Carolina. The business has developed and grown since the opening by serving quality food at reasonable price. The menu features farm to table lunch and dinner along with local North Carolina seafood to the locals and tourists. The real estate is also available with the restaurant for but not included in the asking price. The landlord is willing to assign the existing lease to a new qualified owner. The sellers are will to provide a 60-90 day training and transition to the new owner and they will consider a short term employment contract after that. Seller financing is an option to a qualified, experienced buyer with a significant down payment.

Support / Training Comments

Seller will negotiate a transition period

Financing Comments

Possible seller financing available for a qualified buyer.

  • Home Based: No
  • Year Established: 2005
  • Franchise: No
  • Year Acquired: 2005
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Health, Liquor

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Real Estate Asking: ON REQUEST
  • Days Open: Tuesday-Sunday
  • Hours Open: 10:30 AM- 9:00 PM
  • Fulltime Employees: 12
  • Part time Employees: 40
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: ON REQUEST
  • Building Size: 10,000 sq ft
  • Seats: 300
  • Parking: Good
  • Monthly Rent: ON REQUEST
  • Lease Terms: Available for lease or purchase

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Business Listed by

Sunbelt Richmond

Contact: Charles Broadwater, Jr.
Office Phone: 804-673-8044
Mobile Phone: (757) 570-5292
Listing ID: RICHMVA001-N1488

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